Accessibility Menu
 
Arrow-Thin-Down
S&P 500
6,616.85
+0.1%
+5.02
Arrow-Thin-Down
DJI
46,584.46
-0.2%
-85.42
Arrow-Thin-Down
NASDAQ
22,017.85
+0.1%
+21.51
Arrow-Thin-Down
Bitcoin
$69,822.00
+0.2%
+$154.64
Arrow-Thin-Down
AMZN
$213.77
+0.5%
+$0.98
Arrow-Thin-Down
GOOG
$303.54
+2.0%
+$5.88
Arrow-Thin-Down
META
$573.95
+0.2%
+$0.93
Arrow-Thin-Down
MSFT
$371.85
-0.3%
-$1.03
Arrow-Thin-Down
NVDA
$177.77
+0.1%
+$0.13
Arrow-Thin-Down
TSLA
$346.28
-1.9%
-$6.54
Most Active StocksDaily Stock GainersDaily Stock Losers

Why Matterport Stock Exploded After Earnings

Earnings were better than expected, but it's the long-term trends we need to watch.

By Travis Hoium – Nov 7, 2023 at 5:00PM EST

Matterport (MTTR +0.00%) stock jumped an incredible 26% after earnings despite the company reporting another loss and tepid growth. But this quarter answered some critical questions about the company's trajectory and future.

In this video, Travis Hoium breaks down the results and why Matterport is now a safer company to buy than it was just a few days ago. There's also an upside if this technology becomes a platform for growth in the future.

*Stock prices used were end-of-day prices of Nov. 7, 2023. The video was published on Nov. 7, 2023.

Read Next

About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
TMFFlushDraw
X@travishoium

Travis Hoium has positions in Matterport. The Motley Fool has positions in and recommends Matterport. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

Matterport Stock Quote
Matterport
NASDAQ: MTTR
--
--

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.

View Premium Services